BEIJING - The Luxeed S7 electric sedan, developed by Chinese tech giant Huawei and Chery Auto, has started mass delivery after a shortage of semiconductors and production issues delayed production and delivery, a Huawei executive said on Saturday.
Huawei had said problems delivering the premium brand electric vehicle should be resolved from April, local media reported this month. Huawei's revenues grew the fastest in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from U.S. sanctions.
China’s factories are churning out more steel, cars and solar panels than its slowing economy can use, forcing a flood of cheap exports into foreign markets.WTI crude oil has risen 17% to $83 a barrel so far in 2024, while an ETF holding energy stocks is up 13%.Surveying the stripped landscape of her farm - dotted with pools of cyanide-tainted, tea coloured waste water left by illegal gold miners - is enough to make Janet Gyamfi break down.